Athletic Powers Caleres To Above-Plan Quarter
With athletic continuing to pace Famous Footwear’s sales and Under Armour set to arrive in June, Caleres Inc. reported earnings in the first quarter that were down but ahead of Wall Street’s targets.
L.L.Bean Announces Summer In The Park Schedule
L.L.Bean announced its annual Summer in the Park schedule at Discovery Park in Freeport, ME. Events include free morning yoga sessions, outdoor movie nights and free concerts with Grammy Award winning artists.
USA Swimming Foundation Study Shows Improved Kids Swimming Ability
Timed to Memorial Day Weekend and the traditional opening of summer swimming season approaching, the USA Swimming Foundation announced a 5-10 percent improvement in overall swimming ability from its previous findings in 2010, according to a new study regarding swimming ability amongst America’s youth conducted by the University of Memphis and University of Nevada-Las Vegas.
Merrell Work Joins Forces With Team Rubicon
Merrell announced a new partnership with Team Rubicon, the nonprofit organization that unites the skills and experiences of military veterans with first responders to rapidly deploy emergency response teams.
Genesco’s Shares Plunge 23 Percent On Reduced Outlook
Shares of Genesco Inc. tumbled $10.15, or 22.8 percent, to $34.40 on Thursday after the company slashed its guidance for the year due to weak store traffic in its U.S. businesses and expectations that the turnaround at Journeys would take longer than originally estimated.
Caleres’ Q1 Earnings Slide
The parent of Famous Footwear saw earnings decrease 16.7 percent but the company managed 8.0 sales growth and more than 50 basis points of gross margin improvement.
Deckers Brands Beats Internal Guidance In Q4
Deckers Brands reported both earnings and sales for the fourth quarter ended March 31 came in better than expected. Sales were down 4.5 percent. Among its brands, sales declined 1.1 percent for Ugg, 13.3 percent for Teva and 16.1 percent for Sanuk but climbed 32.7 percent for Hoka One One.
Shoe Carnival Seeing Uptick In Spring Sales
Shoe Carnival indicated that its sandals business picked up nicely in May and it will be reallocating inventory dollars to athletic and athleisure categories due to continued strength in those areas.
Emerald Expositions Events Sees 6 Percent Growth In Q1
The increase in revenues for the parent of Outdoor Retailer reflected organic growth of 2.9 percent and growth from acquisitions of 3.3 percent.
Emerald Expositions Acquires Snow Show
Under the new ownership of Emerald Expositions, the January SIA Snow Show will merge with Outdoor Retailer to become the Outdoor Retailer + Snow Show endorsed and sponsored by SnowSports Industries America and Outdoor Industry Association (OIA), and will be the largest outdoor and winter sports industry gathering in North America.
Genesco Inc. Slashes Guidance On Weak Q1
Said Robert Dennis, chairman, president and CEO, “We have adopted a more conservative outlook for store-based sales given the anemic level of mall traffic year-to-date and the more pronounced shift in consumer spending away from stores to online. Therefore, we now expect adjusted diluted earnings per share for the year in the range of $3.90 to $4.05, compared to our previously issued guidance range of $4.40 to $4.55.”
Under Armour Announces 2017 Tom Brady Asia Tour
The tour of Beijing, Shanghai and Tokyo over six days will include a sneak peek into the football legend’s holistic training regimen to showcase the importance of sleep and recovery.
Under Armour Signs Boxer Gervonta Davis
The 22-year-old super-featherweight, who is based in Baltimore, has a professional boxing record of 18-0 with 17 knockouts
Shoe Carnival’s Q1 Profits Slide
Cliff Sifford, Shoe Carnival’s president and chief executive officer, commented, “While February was a very challenging month due to the delay in the tax refunds, we are encouraged by the improvement in our sales as we progressed through the quarter. Comparable store sales for March and April combined, which includes the shift in the Easter selling season, were up low single digits.”
Tilly’s Shares Pop On Q1 Beat
Shares of Tilly’s Inc. jumped $1.12, or 13.1 percent, to $9.70 after the action-sports themed retailer narrowed its Q1 loss while exceeding internal guidance for earnings and sales.
